laetus
laetus t1_j9uu5a6 wrote
Reply to comment by getgoingfast in Pimco-Owned Office Landlord Defaults on $1.7 Billion Mortgage by downboat
You can also just pay for empty buildings, if you just want to make sure idiots can pay their bills... no need to have people there.
laetus t1_j9ultiy wrote
Reply to comment by Andre-ch in $SQ (Block Inc) Revenue Growth -0.73%, Total Operating Expenses +55%, Stock-based Compensation +64%, Negative Adjusted OI Outlook 🤷♂️ by FI_investor
Because why does it matter?
"Stocks are valued at a billion PE"
-"BUT WHAT ABOUT THE UNEMPLOYMENT"
??
laetus t1_j9tvu1v wrote
Reply to comment by L3G4L_4SS4SSIN in $SQ (Block Inc) Revenue Growth -0.73%, Total Operating Expenses +55%, Stock-based Compensation +64%, Negative Adjusted OI Outlook 🤷♂️ by FI_investor
What did the 2000s crash have to do with unemployment?
Unemployment was low then.
laetus t1_j9uuhcq wrote
Reply to comment by NeillMcAttack in Pimco-Owned Office Landlord Defaults on $1.7 Billion Mortgage by downboat
> people lose their jobs etc.
People losing jobs doesn't have to be a bad thing.
What's worse, having them lose jobs and then we pay them for doing nothing / coming up with doing something useful?
Or paying them and they stay in their useless job?
The problem is that society chooses to stop paying the people who lose their jobs because 'it was their own fault' or something... And then people don't want to lose jobs but they keep doing stuff that's useless or even detrimental to society.
The bad thing happens is when people lose jobs but those were useful jobs.